2025 SW Urish Rd, Topeka, KS 66615

20,602 Square Foot Strip Center | Topeka, Kansas | State Capital with Over 233k People

Major Upside Potential with High Going-In Yield

Offered Well Below Replacement Cost at $150 per Square Foot | High End Construction Built in in 2006 | Situated on Large 2.85 Acre Lot

Strong Mixture of Diversified, Ecommerce-Proof Tenants | Bar/Grill, Liquor & Convenience, Medical, Salon, Home Décor, Tanning Spa, Grocery, and Donuts/Coffee

Upside

• Market to Market Rent Opportunity:

  • Well-Below Market Rents Averaging Only $11.85 per Square Foot

  • 36 Percent of GLA/Five Tenants Lack Option Terms

  • WALT Only 1.63-Years

  • No Tenants Have More Than One Option Term Remaining (Spans Three to Five Year Terms)

• Immediate Backfill Opportunities:

  • Currently Two Spaces Available for Immediate Lease-Up – Including:

  • Sherwood Animal Clinic – Business Winding Down After Recent Passing of Owner (2,311 Square Feet of End-Cap Space – Ability to Install Drive-Thu

  • Suite #110 - Cambridge Quartz & Granite Relocated From This Space in 2025 Measures 2,541 SF

Seller Offering Master-Lease Opportunities on Both Spaces to Guarantee Rent for Period of Time - Ask Broker for Details

• Steady/Guaranteed Income or Owner User Opportunity

Favorable Triple-Net Lease Structures | Recapture of Tax, CAM, Insurance Expenses | 3rd Party Management Fees Reimbursed by Tenants | Minimal Landlord Responsibilities

Dense & Mature Demographics | Population Counts of 5,115 within One Mile, 38,616 within Three-Miles, and 79,640 within Five-Miles | Average Household Income in Excess of $103,000